Saturday 21 May 2016

Reader’s Response: Excise duty on jewellery cripples the industry

No black money
 
Excise duty will not eliminate black money. There is a misconception that a lot of black money is involved in
jewellery. Jewellery generally has a mark-up of 10-15 per cent and hence would not attract black money. They have already applied the PAN card rule then why excise duty?

Ankush Jain
Proprietor, Ankush Jewellers
Vishakapatnam

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